Karla White of GFA Wealth Design provides information for individuals who are facing major financial changes in their lives including retirement, divorce, sale of a business, remarriage, large windfall/inheritance, terminal illness or the death of a spouse.

Gadget

Tuesday, July 30, 2013

Women Facing Financial Transition

Changes in our lives are almost always accompanied with
strong emotions and bring on feelings of insecurity and confusion, all of which
are unavoidable and very normal.

Transitions in life become even more daunting when they are
accompanied with major changes in our financial situation also.

When we find ourselves faced with these overwhelming situations,
it can literally paralyze us with fear and this is when we are most likely to
make the wrong decisions.

I know this from firsthand
experience.

As I have faced my owner major transition in life.

For me my major transition was the death of my husband, for
me this brought with it overwhelming emotions that I had never experienced
before along with a huge amount of uncertainty in my financial situation.

For me a long this has been a journey which has brought me
to where I am now!

Showing women how to identify some of the major life
changing events in their lives.

From experience I have found that some of the most
significant events in our lives can become the biggest challenges.

Some of
which can be:

Divorce.

Divorce can
be an emotional rollercoaster for both spouses.The major changes in this stage of life cause a great deal of pain and
stress.It is like taking a leap into
the unknown.Some of the financial
issues that come along and add to the already overwhelming burden are having to
divide the marital assets, alimony, child support, changes in our tax
situation, health and life insurance changes and even changes in our estate
planning.With so much pain and hurt
ruling our emotions it can become extremely difficult to navigate through this
transition.

Retirement.

Looking forward to retirement can be an exciting time. However along with the excitement can come
feelings of fear and insecurity?Feelings that we are not prepared to have and for many people this can
make it difficult to focus on and identify how we are going to be able to
achieve our retirement goals.Are we going to meet our financial needs
throughout our retirement giving us the comfortable retirement that we desire? How are we going to deal with the other
issues that we may face during our retirement years, like avoiding running out
of money, especially as women because it is a known fact that we will probably
spend more years in retirement than men as typically we live longer.When will be the best time for us to start
our Social Security benefits?How are we
going to be able to take care of our healthcare and long term care needs in retirement?All of these factor in to making retirement
another major financial transition in life that we are going to face.

Widowhood.

When a woman loses her husband it is emotionally
devastating.This is the time when we
need to reach out for help.There are many stages of grieving all of which
need to be processed and experienced before we can reach acceptance.It is so very important to have a support
team around us at this time, one which will help us make the right
decisions.One of the biggest mistakes
that happen when we are faced with this type of major transition in our lives
is that often we are lead to believe that decisions have to be made right
away.This is not the case it is the
opposite in actual fact this is when we need to take time as more often than
not the biggest mistakes are made when we are stressed and emotional.So you need to give yourself time at least a
year before making any major financial decisions.

It is
important for women facing financial transitions in their lives to partner with
someone who uses a caring and understanding approach, this can be the key to
achieving financial security and personal success over their transition.

If you need
a transition partner to help you embrace your current situation.Call today and schedule a free consultation
appointment with me today at 239-288-0977.

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Karla White

About Karla

Karla White is an income planning specialist with GFA Wealth Design.
Karla offers Financial Security for all stages of life.
Karla knows that there is no pre packaged plan that suits all.
Whatever financial change you are facing whether the ones that you have planned for or even the ones that have taken you by complete surprise Karla knows that all of them can have life altering effects for each and every individual.
Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor.
Insurance Services offered through Waterstone Financial, LLC.